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Repo Firepower Reduced by Falling Cash Levels at Big U.S. Banks
By Yalman Onaran
December 10, 2019, Bloomberg
Even as hedge funds and smaller broker-dealers lean more heavily on the biggest U.S. banks for borrowing in repo markets, the lenders’ cash …
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CFTC backs activity-based rules for non-banks
By Joe Walters
December 9, 2019, Global Investor Group
U.S. Commodity Futures Trading Commission (CFTC) announced late on Friday it supports focusing on the activities of non-banks at a system …
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Investors Gird for Year-End Turmoil in Cash Markets
By Daniel Kruger and Julia-Ambra Verlaine
December 8, 2019, The Wall Street Journal
Investors and policy makers are bracing for new disruptions to short-term cash markets going into the end …
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Mnuchin Working Closely With Fed, Bank Regulators on Repo Market Issues
By Kate Davidson
December 5, 2019, The Wall Street Journal
Treasury Secretary Steven Mnuchin said Thursday he is working closely with the Federal Reserve to make sure there are ample …
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Repo: How the financial markets’ plumbing got blocked
By Cale Tilford, Joe Rennison, Laura Noonan, Colby Smith, and Brendan Greeley
November 26, 2019, Financial Times
The repo blow-up of 2019 set markets on edge and prompted the Fed …
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U.K. urges banks to end Libor-based swaps from early next year
By Huw Jones
November 21, 2019, Reuters
Britain’s Financial Conduct Authority (FCA) said on Thursday it wants banks to stop offering Libor-based interest rate swap contracts from the first quarter …
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How the Discount Window Became a Pain in the Repo Market
By David Benoit
November 21, 2019, The Wall Street Journal
Banks have all but abandoned the Federal Reserve’s discount window, and it is straining Wall Street’s post-crisis infrastructure.
Borrowing from …
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Regulators tell derivatives industry to find Libor consensus
By Huw Jones
November 19, 2019, The Wall Street Journal
Regulators have told the world’s derivatives market that it must find a common approach for dealing with a sudden death …
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SEC revisits security-based swaps proposal
By Robert Mackenzie Smith
November 19, 2019, Risk
The U.S. Securities and Exchange Commission is reworking its 2011 proposal on security-based swaps. New trading rules could be out for comment …
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Clearing conundrum
By Jim Brunsden and Philip Stafford
November 18, 2019, Financial Times
Neither Boris Johnson nor Jeremy Corbyn wants a no-deal Brexit, but the E.U. financial sector is still worrying about …
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European derivatives market valued at €735 trillion
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MiFID II creates ‘existential threat’ for small research groups
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E.U. regulator says MiFID II rules have failed on market data costs
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Why Europe’s markets might need MiFID III
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New data reveals the number of U.K. investment firms struggling with MiFID II reporting
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European derivatives market valued at €735 trillion
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MiFID II creates ‘existential threat’ for small research groups
-
E.U. regulator says MiFID II rules have failed on market data costs
-
Why Europe’s markets might need MiFID III
-
New data reveals the number of U.K. investment firms struggling with MiFID II reporting